Practice Area

Estate & Asset Protection

A sound plan decides who manages your affairs, who inherits, and how your assets are shielded. Krankemann Law builds plans that hold up when they matter most.

FAQ

Estate & Asset Protection — Common Questions

Do I need a trust, or is a will enough?
It depends on your assets and goals. In California, a revocable living trust generally allows assets to pass outside the probate court process, which a will alone does not avoid. We review your situation and recommend the structure that fits, rather than a one-size answer.
What is probate and can I avoid it?
Probate is the court-supervised process of settling an estate, which in California can be public and lengthy. A properly funded living trust is the most common way to keep assets out of probate. Other tools, like beneficiary designations and joint ownership, also play a role.
How does asset protection work for a business owner?
Asset protection combines the right business entity, sound contracts, and personal estate planning so that business risk does not threaten personal assets, and vice versa. The goal is separation and clarity built before a problem arises. We coordinate the business and personal sides together.
How often should I update my estate plan?
Review your plan after major life events such as marriage, divorce, a birth, a death, or a significant change in assets, and periodically otherwise. Laws change too, which can affect an older plan. A short review is far easier than fixing an outdated plan later.

Free, Confidential Consultation

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